AASB 124 shall be applied in identifying the following, except for:
A) insider trading with related parties.
B) related party relationships and transactions.
C) circumstances in which disclosures of transactions with related parties are required.
D) outstanding balances, including commitments, between an entity and its related parties.

Question

Quizplus · Accepted Answer

AASB 124 does not specifically address insider trading, which is typically governed by securities laws and regulations. It focuses on related party relationships and transactions, disclosure requirements, and outstanding balances with related parties.

AASB 124 Shall Be Applied in Identifying the Following, Except